I had a knife I was working on this morning ( at 6AM). The tang holes were about 5/32, and the blade was hardened. I decided to use Corby bolts with 3/16 shanks. I used a 3/16 spade bit at 1500 RPM and drilled out the holes in a few seconds. I have several types of carbide bits, and they all have specific uses, but for people with a basic drill press and limited skills, a spade bit is a good choice.